Cloud-based ERP system is the best bet for SMEs to

achieve business success

In changing business scenario organizations have to walk with the pace. When
digital transformation brings new horizons in business opportunities it makes
compulsory for one and all in the industry to take advantage of the evolving
technology support.

Enterprise Resource Planning (ERP) solutions have become a must-have-solution

for every industry. Today everyone, from large to medium and small scale
industries, depend ERP for all business operations. This is because an ERP system
allows companies organize and operate their business in a systematic and
automate method.

As the time elapsed, technology also started moving in a fast pace. In the pace,
ERP got evolved from on-premises to Cloud-based systems. Since cloud
computing has become popular there have been many attempts to formulate a
complete definition that captures all of its characteristics.

Compared to traditional ERP systems cloud-based ERP system could offer

numerous revolutionary advantages which can tremendously improve the value
creating capabilities of organizations. The most significant advantages are: much
lower cost, faster time to market, and great opportunities for creating new
sources of value

Software as a Service model

Cloud-based ERP systems which delivers the SaaS (Software as a Service) model is
gaining much acceptance among the businesses due to earlier mentioned reasons.
SaaS model ERP systems target the end user or business. It concerns the delivery
of an application to multiple customers via an underlying database and object
code.
A Cloud-based ERP system is hosted in a remote sever and accessed via a
common browser over an Internet connection, allowing access that has little
dependency on client configuration.

One of the main advantages of a cloud-based ERP is that it eliminates the

requirement to physically install and run the server-side applications on the
customer own premises. Also there is no need for any back-end hardware and
data centers required to operate the system. This it saves a lot of money for
SMEs and this resource can be diverted in other areas which will help to develop
their business operations.

This makes it possible for small organizations to take advantage of ERP systems,
as they require neither the substantial resources nor the skills needed for
successful on-premises implementation.

Take advantage of technology changes

Overall the ERP market has been undergoing a rapid technology shift, due to the
advent of cloud computing technology. Though most cloud-based ERPs are
provided to customers as software as a service (SaaS), a number of ERP platforms
as a service (PaaS) also exist For large companies which have branches and plants
located in many overseas countries that undertakes mass production must opt for
the ERP platforms as a service.

Like we mentioned earlier, small and medium-sized businesses are the major
beneficiaries of Cloud-based ERP system. Today, companies are moving from
best-of-breed to a best-for-business approach, implying that they prefer
extensions to their existing ERP for applications like planning and optimization,
business intelligence and knowledge management. This has resulted in
emergence of ERP systems could-based ERP packages.

The requirements of each company differ in terms of standard industry practices

and unique practices. It is therefore to have an expert opinion before we decided
about what and which types of ERP you must go for. You may write to us for any
expert opinion on this subject.